Anand Rathi Share IPO
Open MainLineCurrent GMP
₹29 (+7.00%)
Price Band
₹ 393 – 414
Lot Size
36
Issue Size
₹745 Cr
Minimum Investment
₹14904 (36 Shares)
Listing Date
30 September 2025
Subscription
20.66x
About the Company
Anand Rathi Share and Stock Brokers Limited
Incorporated in 1991, Anand Rathi Share and Stock Brokers Limited is a full-service broking company and a part of the Anand Rathi Group, which offers a wide spectrum of financial services. With over three decades of experience, the company has built a strong presence in equity, derivatives, commodities, and currency markets, catering to diverse investor segments.
As of March 31, 2025, the company operated through 90 branches, 1,125 authorized agents, and digital platforms across 290 cities, enabling it to serve clients in Tier 1, Tier 2, and Tier 3 locations. The company’s client base is largely mature, with 84.36% of active clients aged above 30 years. It employs 2,082 permanent employees as of the same date.
Offerings & Services
- Broking Services
Provides trading and investment solutions across equity, derivatives, commodities, and currency markets. The client base includes retail investors, high-net-worth individuals (HNWIs), ultra-high-net-worth individuals (UHNWIs), and institutional investors, serviced through branches, authorized agents, and online platforms. - Margin Trading Facility
Offers margin trading facilities that allow clients to leverage eligible collateral for equity cash delivery trades. The funding structure adheres to margin requirements prescribed by stock exchanges. - Distribution of Investment Products
Distributes a wide range of third-party financial products, including mutual funds, alternative investment funds (AIFs), fixed deposits, bonds, and portfolio management services (PMS). Distribution is managed through dedicated relationship managers and digital channels.
Promoters
- Anand Nandkishore Rathi
- Pradeep Navratan Gupta
- Priti Pradeep Gupta
- Anand Rathi Financial Services Limited
Promoters Holding
Holding Pre Issue
98.06%
Holding Post Issue
69.90%
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding long-term working capital requirements of our Company
- General corporate purposes
Address / Contact Info
Anand Rathi Share & Stock Brokers Ltd.
Express Zone, A Wing,
10th Foor, Western Express Highway,
Goregaon (E), Mumbai -
Goregaon, Maharashtra, 400063
Phone: +91 22 - 6281 70
Email: secretarial@rathi.com
Website: https://www.anandrathi.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 23 September 2025
IPO Close Date
Thursday, 25 September 2025
Basis of Allotment
Friday, 26 September 2025
Initiation of Refunds
Monday, 29 September 2025
Credit of Shares to Demat
Monday, 29 September 2025
Listing Date
Tuesday, 30 September 2025 — NSE & BSE
Important Dates
Open Date
23 September 2025
Close Date
25 September 2025
Basis Of Allotment
26 September 2025
Listing Date
30 September 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 3365 | 2585.1 | 1628.78 | 1340.58 |
| Revenue | 847 | 683.26 | 468.7 | 423.78 |
| Profit After Tax | 103.61 | 77.42 | 37.84 | 50.39 |
| Net Worth | 503.76 | 392.66 | 265.23 | 227.4 |
| Reserve & Surplus | 481.58 | 370.48 | 245.07 | 213.95 |
| Total Borrowings | 905.57 | 879.24 | 423 | 275.52 |
EPS Pre
23.17%
EPS Post
16.52%
P/E Pre
17.87
P/E (Post Issue)
25.06x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROE % | 23.12 | 23.5 | 15.32 |
| ROCE % | 21.32 | 21.48 | 16.72 |
| Debt / Equity | 1.8 | 2.14 | 1.48 |
| RoNW % | 23.12 | 23.5 | 15.32 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 12.23 | 11.31 | 8.05 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 3740457 | 27.99 | 0 |
| Non-Institutional | 2805344 | 21 | 0 |
| BNII | 1870229 | 14 | 0 |
| SNII | 935115 | 7 | 0 |
| Retail Investors | 6545802 | 48.98 | 0 |
| Employees | 271739 | 2.03 | 0 |
| Total | 13363342 | 100 | 0 |
Subscription Status ( Thu, 25 Sep 25 01:49 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 3740457 | 163848024 | 43.8x |
| Non-Institutional | 2805344 | 80242380 | 28.6x |
| BNII | 1870229 | 56783412 | 30.36x |
| SNII | 935115 | 23458968 | 25.09x |
| Retail Investors | 6545802 | 31297104 | 4.78x |
| Employees | 271739 | 694620 | 2.56x |
| Total | 13363342 | 276082128 | 20.66x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 36 | 14,904.00 |
| Retail (Max) | 13 | 468 | 193,752.00 |
| S-HNI (Min) | 14 | 504 | 208,656.00 |
| S-HNI (Max) | 67 | 2,412 | 998,568.00 |
| B-HNI (Min) | 68 | 2,448 | 1,013,472.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
- Nuvama Wealth Management Limited
- Anand Rathi Advisors Limited
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Anand Rathi Share IPO is a Book-building IPO worth ₹745 crores. The price band is ₹393 to 414 per share. The IPO opens on Tue, Sep 23, 2025 and closes on Thu, Sep 25, 2025. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Anand Rathi Share IPO opens on Tue, Sep 23, 2025 and closes on Thu, Sep 25, 2025
Anand Rathi Share IPO Price Band is ₹393 to 414.
Anand Rathi Share IPO lot size is 36, and the minimum amount required for application is ₹14904.
The minimum investment for Anand Rathi Share IPO is approximately ₹14904 based on the upper price band.
To apply for the Anand Rathi Share IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Sep 25, 2025. After submission, funds are blocked until the basis of allotment of Anand Rathi Share IPO is finalised.
Anand Rathi Share IPO issue size is ₹745 crores.
Anand Rathi Share IPO allotment date is Sat, Jun 27, 2026.
The registrar for Anand Rathi Share IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Anand Rathi Share IPO through their official website or helpline.
The Anand Rathi Share IPO GMP (Grey Market Premium) is ₹29 as of Tue, Sep 30, 2025. Based on the upper price band of ₹414 per share, the estimated Anand Rathi Share IPO listing price is ₹443, indicating a potential listing gain of approximately 31% over the issue price.